Quarterly Financial Results and Successful Closure of Investment Deals - Research Report on MasterCard, UBS, PHH, Triangle, and First Cash
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, August 13, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting MasterCard Inc. (NYSE: MA), UBS AG (NYSE: UBS), PHH Corporation (NYSE: PHH), Triangle Capital Corporation (NYSE: TCAP), and First Cash Financial Services, Inc. (NASDAQ: FCFS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
MasterCard Inc. Research Report
On July 31, 2013, MasterCard Inc. (MasterCard) reported its financial results for Q2 2013. The Company's net revenue increased 15.2% YoY to $2.1 billion during the quarter. Net income was $848 million or $6.96 per diluted share in Q2 2013, compared to net income of $700 million or $5.55 per diluted share in Q2 2012. Commenting on the results, Ajay Banga, MasterCard President and Chief Executive Officer, said, "We had a very good second quarter supported by increases in volume and transactions in all regions of the world despite slow economic growth globally. In addition to solid business performance, I am also pleased to report that our financial inclusion initiatives are having a meaningful impact. This year alone, we have launched nine programs in tandem with government entities and other partners in emerging markets which are designed to bring much needed financial access, convenience and security to more than 350 million people globally who previously would not have had access to financial products." The Full Research Report on MasterCard Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/MA]
--
UBS AG Research Report
On July 30, 2013, UBS AG (UBS) reported its financial results for Q2 2013. The Company's net interest income declined 13.0% YoY to (Swiss Franc) CHF1.2 billion and total operating income grew 15.4% YoY to CHF7.4 million, during the quarter. Net income attributable to UBS shareholders was CHF690 million or CHF0.18 per diluted share in Q2 2013, compared to net income attributable to UBS shareholders of CHF524 million or CHF0.14 per diluted share in Q2 2012. Commenting on the results, Group Chief Executive Officer Sergio P. Ermotti said, "I am very pleased with our performance this quarter. The results show that our strategy is right and we're ahead on execution. Every quarter since we set the strategy in 2011, we have executed it in a very clear and disciplined way building an unmatched capital position and delivering for our clients." The Full Research Report on UBS AG - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/UBS]
--
PHH Corporation Research Report
On July 31, 2013, PHH Corporation (PHH) reported its financial results for Q2 2013. The Company's net revenues increased 47.0% YoY to $822 million during the quarter. Net income attributable to PHH was $90 million or $1.40 per diluted share, in Q2 2013, compared to net loss attributable to PHH of $57 million or $1.00 per diluted share in Q2 2012. Glen A. Messina, President and Chief Executive Officer of PHH, said, "In the second quarter, our financial performance reflected the impact of a rising interest rate environment, which drove an increase in the value of our mortgage servicing rights and negatively impacted our mortgage origination volume. I'm pleased with the progress the company is making in managing through this transition period to a rising interest rate environment. Our results were also impacted by a charge related to the commutation of our remaining Atrium reinsurance contract. The Fleet business continued to provide solid profitability." The Full Research Report on PHH Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/PHH]
--
Triangle Capital Corporation Research Report
On July 22, 2013, Triangle Capital Corporation (Triangle) announced the successful closure of a $10 million second lien term loan in Water Pik, Inc., (Water Pik) an innovator, marketer, and supplier of branded oral health and replacement showerhead products. In other news dated July 16, 2013, Triangle announced that the Company has closed a $15 million investment, consisting of subordinated debt and equity, in Applied Consultants, Inc., a provider of inspection services to the oil and gas pipeline infrastructure industry. The Full Research Report on Triangle Capital Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/TCAP]
--
First Cash Financial Services, Inc. Research Report
On July 17, 2013, First Cash Financial Services, Inc. (First Cash) reported its financial results for Q2 2013. The Company's revenue increased 8.1% YoY to $143.1 million during the quarter. Net income was $15.7 million or $0.53 per diluted share in Q2 2013, compared to net income of $16.3 million or $0.56 per diluted share in Q2 2012. Commenting on the results, Mr. Rick Wessel, Chief Executive Officer of First Cash, said, "We are pleased with the results of our core pawn operations, posting 9% same-store sales growth driven by our pawn retailing and lending activities." He added, "Given our competitive strengths, international growth platform and expanding customer base, we are well positioned to further grow our store count, revenues, margins and earnings." The Full Research Report on First Cash Financial Services, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/FCFS]
----
EDITOR NOTES:
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
- For any urgent concerns or inquiries, please contact us at [email protected].
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
InvestorsReports.com
SOURCE Investors' Reports
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article